SunGard Strengthens Wealth Management Functionality

By Tim Clark, Wall Street & Technology

SunGard recently added unified managed account (UMA) capabilities to WealthStation, a wealth management technology solutions platform that helps financial advisors manage their high-net-worth clients' assets.The new platform, dubbed WealthStation 2.0, consolidates assets from multiple accounts and institutions into one central planning environment where advisors access multiple investment programs on a single platform. WealthStation 2.0 also integrates the separate workflows of asset allocation and investment selection, helping advisors spend more time on asset gathering and client-facing activities. WealthStation was developed with SunGard's Common Services Architecture (CSA), which enables discrete SunGard solutions for financial planning, asset allocation, overlay and portfolio management to be integrated into a single, configurable application.

"Our goal is to consistently anticipate and exceed the needs of these organizations as they strive to be best in class, and help them stay ahead of their clients' needs," said Blaine Maxfield, president of SunGard's WealthStation business, from a release.